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Rambus Inc. Message Board

spinergy888 4 posts  |  Last Activity: Jun 10, 2015 7:24 AM Member since: Aug 6, 2011
  • About time you got yours!

    We are revising our 2015 annual average production guidance upwards from 93,000 – 100,000 BOE per day to 97,000 – 103,000 BOE per day.

    We are increasing our 2015 capital budget by $60 million from $480 million to $540 million.

    The additional completions are underpinned by robust economics. The average expected rate of return for the completions (excluding the drilling capital already spent), using a flat West Texas Intermediate oil price of US$60 per barrel, is approximately 60%. The average expected payout period for the completions is less than two years under a flat WTI oil price of US$60 per barrel.

    Sentiment: Strong Buy

  • Reply to

    Oil and ERF prices

    by luckyjim1933 Jun 1, 2015 1:10 PM
    spinergy888 spinergy888 Jun 2, 2015 7:42 AM Flag

    contractor cost down 15% with oil prices rising and Canadian currency benefit. ERF is set to do very well with a low debt level.

    Sentiment: Strong Buy

  • Reply to

    Oil and ERF prices

    by luckyjim1933 Jun 1, 2015 1:10 PM
    spinergy888 spinergy888 Jun 1, 2015 4:49 PM Flag

    Light oil is at $74 Canadian. Looks like heavy shorting to me. Will be interesting to look at short position for the end of May. Oil is going higher so they WILL have to cover their short positions sending the stock higher.

    Sentiment: Strong Buy

  • On a few dollars pull back in oil prices. Oil price trend is up as future world production goes down with rising demand. I bought some Oct. options yesterday.

    Sentiment: Strong Buy

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